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Photo: Drew Angerer/Getty Images

President Biden on Thursday rescinded the "global gag rule," a policy that bans international organizations that receive U.S. funding from providing abortion services or offering information about abortion.

Why it matters: The Reagan-era rule, also known as the Mexico City policy, has historically been rescinded or rolled back by Democratic presidents and reinstated by Republican ones. The Trump administration also expanded the rule to include virtually all global health aid.

  • Around $9 billion in aid will now be able to flow to organizations in foreign countries, according to Reuters.
  • Biden also signed a memorandum that asks the Department of Health and Human Services to review a rule implemented by the Trump administration that cut off funding to organizations like Planned Parenthood.

Go deeper

Jan 28, 2021 - World

Thousands rally as Poland's near-total abortion ban takes effect

Thousands of demonstrators take part in a pro-abortion rights protest in Warsaw, Poland, on Wednesday night. Photo: Wojtek Radwanski/AFP via Getty Images

Protests erupted across Poland as a near-total ban on abortion came into effect Wednesday despite widespread opposition to the legislation, per the New York Times.

Why it matters: Abortion is now only legal in cases of rape, incest or if there's a risk to a pregnant woman's life.

  • The ruling Law and Justice Party delayed implementing the October court decision after it sparked the biggest protests since the fall of communism's in 1989.
  • The rallies held amid spiking COVID-19 cases show the anger many feel toward a conservative government that's "growing increasingly autocratic," NYT notes.
Dion Rabouin, author of Markets
30 mins ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.